Chemistry industry will create 10,000 jobs in Sumgait

Chemistry industry will create 10,000 jobs in Sumgait

 

Chemistry industry will create 10,000 jobs in SumgaitThe Ministry of Economy and Industry of Azerbaijan has proposed to build 35-40 businesses in the industrial zone "Sumgait Chemical Industrial Park." They are expected to create 10,000 jobs.The park, established to develop Azerbaijan's industrial production, by providing necessary conditions for the development of the non-oil sector and employment opportunities in the field of industry, will occupy an area of 295.5 hectares. This area will be divided into two parts - the administrative and social and industrial zones. People renting spaces in the park for seven years are exempt from income, land and property taxes. The equipment and technologies to be used in the park will also be exempt from value added tax. 

The Ministry of Economy and Industry of Azerbaijan has proposed to build 35-40 businesses in the industrial zone "Sumgait Chemical Industrial Park." They are expected to create 10,000 jobs.
The park, established to develop Azerbaijan's industrial production, by providing necessary conditions for the development of the non-oil sector and employment opportunities in the field of industry, will occupy an area of 295.5 hectares. This area will be divided into two parts - the administrative and social and industrial zones. 
People renting spaces in the park for seven years are exempt from income, land and property taxes. The equipment and technologies to be used in the park will also be exempt from value added tax. 

 

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